What Happened?

A number of stocks fell in the morning session after the Trump administration's announcement of new global tariffs, reignited trade policy uncertainty. The move came swiftly after the Supreme Court ruled the previous week that the president could not use the International Emergency Economic Powers Act (IEEPA) for such duties, a decision that had initially sent markets higher. However, the administration invoked a different authority, the Trade Act of 1974, to impose a 15% global tariff for up to 150 days. The rapid reimposition of trade barriers creates significant uncertainty for companies across multiple sectors that depend on international supply chains and global trade. Investors are now weighing the potential impact of these new duties on corporate earnings and broader economic activity.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Specialized Technology company Zebra (NASDAQ: ZBRA) fell 5.1%. Is now the time to buy Zebra? Access our full analysis report here, it’s free.
• Professional Staffing & HR Solutions company ManpowerGroup (NYSE: MAN) fell 5.8%. Is now the time to buy ManpowerGroup? Access our full analysis report here, it’s free.
• Advertising & Marketing Services company Magnite (NASDAQ: MGNI) fell 5.7%. Is now the time to buy Magnite? Access our full analysis report here, it’s free.
• Data & Business Process Services company Fair Isaac Corporation (NYSE: FICO) fell 4.8%. Is now the time to buy Fair Isaac Corporation? Access our full analysis report here, it’s free.
• Hardware & Infrastructure company Hewlett Packard Enterprise (NYSE: HPE) fell 4.9%. Is now the time to buy Hewlett Packard Enterprise? Access our full analysis report here, it’s free.

Zooming In On ManpowerGroup (MAN)

ManpowerGroup’s shares are very volatile and have had 27 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 10 months ago when the stock dropped 15.9% on the news that the company reported underwhelming first quarter 2025 results: Its EBITDA and EPS missed Wall Street's expectations. On a brighter note, revenue came in ahead of expectations. However, this modest beat was not enough to offset the significant drop in earnings, as profits were pulled down by higher restructuring costs and tax charges. Looking ahead, EPS guidance for next quarter missed significantly, indicating continued margin pressure and limited visibility on near-term recovery, particularly in Europe. Overall, this was a weaker quarter.

ManpowerGroup is down 11.6% since the beginning of the year, and at $26.56 per share, it is trading 57.6% below its 52-week high of $62.66 from March 2025. Investors who bought $1,000 worth of ManpowerGroup’s shares 5 years ago would now be looking at an investment worth $270.64.

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